20 Barton Way, Dartmouth, South Hams, TQ6 0FU

Highlight Housing, The Affordable Homes Agency, working with L&G Affordable Homes, is pleased to present this well-proportioned one-bedroom apartment in Dartmouth, available through Shared Ownership. The price shown represents purchasing a 40% share for £78,000, based on a full market value of £195,000.

Property overview

The apartment provides approximately 531 sq ft (49.42 sq m) of accommodation, with a practical layout and good-sized rooms throughout.

At the heart of the home is the spacious open-plan kitchen and living room, measuring approximately 19'6” x 12'9”. The room provides plenty of space for separate living and dining areas alongside the fitted kitchen, creating a flexible main living space.

The bedroom is a generous double, measuring approximately 16'2” x 9'0”, with space for additional bedroom furniture.

There is also a well-proportioned bathroom with a bath and shower over, together with a particularly spacious entrance hall and useful built-in storage cupboards.

The property is leasehold with approximately 245 years remaining. Shared owners can staircase to 100% ownership, although the property will remain leasehold following final staircasing.

Financial breakdown

Full Market Value: £195,000

• 40% Share Value: £78,000
• Rent on Unowned Share: £340.11 per month
• Service Charge: £38.66 per month
• Estate Charge: £13.09 per month
• Buildings Insurance: £15.46 per month
• Management Fee: £34.89 per month
• Reserve Fund Payment: £53.57 per month
• Total Monthly Payment (excluding rent): £155.67
• Lease Length: Approximately 245 years remaining

Larger shares may also be purchased subject to affordability assessment. For example, a 50% share is £97,500 with monthly rent of £283.56, while a 75% share is £146,250 with monthly rent of £141.78.

Local area

Dartmouth is a popular South Devon town situated on the banks of the River Dart, known for its attractive waterfront, historic centre and surrounding countryside.

The town offers a good range of everyday amenities, independent shops, cafés, pubs and restaurants, together with leisure and recreational opportunities both on and around the River Dart.

The wider South Hams area is renowned for its coastline, countryside and picturesque towns and villages, making the property well positioned for buyers looking to enjoy the South Devon lifestyle while remaining within reach of local services and amenities.

What is Shared Ownership?

Shared Ownership offers you the chance to buy a share of your home (usually between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Eligibility criteria

To be eligible for a home here you'll need to:

• Have a combined household income under £80,000 per annum
• Not already own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others.

About Highlight Housing

Highlight Housing, The Affordable Homes Agency, specialises in the sale and letting of affordable homes across the UK.

Working in partnership with L&GAffordable Homes, we help customers understand their options and guide them through the Shared Ownership process, from initial enquiry through to completion.

Shared Ownership disclaimer

Shared Ownership eligibility criteria applies. Images are indicative only. Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our sales consultants.